According to CNBC, U.S. Treasury yields edged lower at the start of the week as investors awaited a heavy slate of economic data, with July core inflation the main focus. At 3:58 a.m. ET, the 10-year Treasury yield was down just over 1 basis point, the 30-year Treasury bond yield fell 1 basis point, and the 2-year yield was trading just above flat. Deutsche Bank analysts said softer-than-expected July nonfarm payrolls data reduced the urgency for further Federal Reserve tightening in the near term. Traders were pricing in a nearly 44% chance of a rate hike at the Fed's September meeting, down from 67% a week earlier, according to CME Group's FedWatch tool. The July core inflation reading is due Wednesday at 8:30 a.m. ET, followed by the producer price index, weekly initial jobless claims, July retail sales and the preliminary Michigan consumer sentiment index later in the week.